[Economics] The decline in gold prices in Saudi Arabia, and the gram starts at 125.51 riyals

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https://www.msn.com/ar-ae/money/news/هبوط-أسعار-الذهب-في-السعودية-والجرام-يبدأ-بـ125-51-ريال/ar-AAPOYuG?li=BB1ebCer

 

 

 

Gold prices in Saudi Arabia fell during trading today, Friday, amid the stability of the precious metal prices in global markets.

The price of a gram of 24 carat gold fell today, Friday, in Saudi Arabia, to about 215.16 riyals ($ 57.37).

The price of a gram of 21 karat gold (the most traded in the market), in early trading today, Friday, fell to the level of 188.27 riyals ($50.20).

The price of a gram of 18 karat gold in Saudi Arabia fell on Friday morning, to about 161.37 riyals ($ 43.03), while the price of a gram of 14 karat gold fell to the level of 125.51 riyals ($ 33.47).

The price of an ounce of gold in Saudi Arabia fell at the beginning of trading today, Friday, to 6691 riyals (1784 dollars), and the price of the gold pound fell in Friday’s trading in Saudi Arabia, to about 1506 riyals ($ 401.60).

Gold prices in the Saudi market witnessed a noticeable rise in trading today, Thursday, October 21, 2021, and this was affected by the increase in the price of the yellow metal yesterday in global markets.

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Gold prices recorded a global rise at the close of trading on Wednesday, with the dollar index retreating amid fears of a high rate of inflation, while concern over restrictions on supply chains disrupting the growth of the global economy increased the demand for the metal, which is a safe haven.

Gold price today in Saudi Arabia
And the price of a gram of 24-carat gold recorded this morning’s trading in Saudi Arabia, rising to about 215.40 riyals, equivalent to ($57.43).

As for the gram of 21 karat gold, which is the most traded in the market, it witnessed a noticeable increase in early trading on Thursday in Saudi Arabia, and reached the level of 188.48 riyals ($50.25).

The price of a gram of 18 karat gold in Saudi Arabia on Thursday morning rose to about 161.55 riyals, equivalent to ($ 43.07).

As for economic gold transactions, this Thursday morning in Saudi Arabia, the price of a gram of 14 karat gold rose to 125.65 riyals ($ 33.50).

Gold price per ounce and pound

The price of an ounce of gold in Saudi Arabia increased at the beginning of trading today, Thursday, to 6,699 riyals (1,786 dollars).

The price of the gold pound also rose in trading Thursday in Saudi Arabia, to about 1508 riyals ($ 402).

precious metals globally
And the yellow metal prices increased in spot trading by 0.5% to reach $ 1778.06 an ounce (an ounce) by 1422 GMT, and US gold futures rose 0.4% to $ 1778.

With regard to other precious metals, silver rose in spot trading 1.4% to $23.99 an ounce.